AirAsia India to break-even in a year: Tony Fernandes

Fernandes said, “This is about volume. The secret weapon is to grow very quickly and become a mass-market company. If we are doing one flight a day, our aim is to make 10 flights a day. Second, infrastructure is there and if we can use it more we can offer less cost per passenger.”

He said their mantra is to unbundle fare structure. "We charge for food and extra luggage. Why should one passenger who is carrying less luggage subsidise the other who is carrying more," he questioned.

"The key to this is about volume and make it affordable, which I think is fantastic," he added.

Chandilya also said AirAsia will retain the Rs 990 fare even when the company goes for expansion of new routes. It is expected to announce new routes next week.